SPWR trade ideas
SPWR bottoming out close to 52w lowUp 4% after hours already. Possibly double digit percentage gains within 30 minutes of market open. Highly volatile position. Hits a hard bottom and shoots up. Then comes right back down again. I've got it long with 30% of my portfolio. Sell point: 7.3; sell stop placed if breaks 52w low resistance
Double Bottom & a Base Line and Conversion Line TwistA double bottom is printed as the large investors/traders who saw good value at the $7.00 level see this stock as a bargain.
The Base Line and Conversion Line begin to twist as the amount of cash entering and exiting the market balances and prepares for the next trend to unravel.
The most unvalued solar company in the world. SunPower manufactures the most efficient solar panels in the world and being used by thousands of installers. The company also said to be positive cash flow in 2017 and expect revenues of $2.1 billion to $2.7 billion. With the current market cap of $900 million, SunPower is the most undervalued solar company in the stock market today imo.
SPWR simple breakout tradetraders,
SPWR broke out with a strong morning signal. Yesterday was a weak bearish day and today gapped up telling us the buyers are very interested here.
first target is at the previous highs and the second is at the historical long term sideways resistance.
Good luck
Best regards,
Buy Alert: $SPWR Bottoming Tail Signals Price ReversalSunPower Corporation (NASDAQ:SPWR) has sold off all quarter, all month, all week, all day until now it is seeing some slowing... The stock just put in a bottoming tail on the intra-day 10 minute chart, a technical reversal signal which says upside is coming. The stock should be putting in a major bottom on the daily chart as well, based on key supports and technical analysis. This looks fantastic, but it may always need a little more of a flush to shake out some weak hands...